Thursday, 2 April 2015
Last updated 13 hours ago
Dec 14 2010 | 3:16pm ET
Famed short-seller Jim Chanos has raised $20 million for a new Caymans-based hedge fund, according to regulatory filings. He has also launched an onshore version of the new vehicle, Kriticos—which is Greek for ‘judgment’ or ‘discernment'— although the U.S. version has yet to raise capital.
Both Kriticos International and Kriticos Partners have a $1 million minimum investment requirement. It is not known what strategy the funds will employ, and calls to Chanos’ $3 billion hedge fund firm Kynikos Associates were not returned by press time.
In addition to Chanos, the documents name Brian Nichols, managing director and CFO of Kynikos, as a director of both funds and Martin Lang as a director of the Caymans vehicle.
Chanos, who founded Kynikos in 1985, originally gained notoriety for shorting Enron stock. These days, Chanos is bearish on China, saying that country will be the next investment bubble to burst.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…